I think we all are expecting great things from this stock but, it may end up taking a little longer than we want.
cuky, Thanks for the info. I have ridden this a long way. This is not a sub $6.00 stock. At least not for another couple of years. IMHO, we should see a nice bounce off that $5.81 figure. Especially after the holiday.
Some of this selling makes no sense and it never will. When a market sector gets creamed like this one all you can do is run and hide if you are a long. We are now again experiencing one of those times when selling panic runs wild. Everyone except for a few are fleeing. IMHO, this pricing today is sheer nonsense..
At the current price apparently the market thinks a cut will occur but, it is not guaranteed to occur-at least IMHO, not this year. This is a thinly traded stock compared to most and that makes it very volatile. This actually may be a great buy as the sector is so out of favor that even the likes of MEMP are getting hammered.
Shorts in general are despicable folks. It's just part of their mental makeup. Most like our friend dogdo, have a big mouth and tend to lie a lot.
Judging by how BBEP is now being priced-considering all their problems-IMHO we just experienced the low-at least-until Sept when oil demand slows. They can pay the distribution this year.
Put me also in that boat. Can't understand why the drop. Only thing that I could find out was from one of my paid advisers who told me was that all the divvy stocks are getting spanked because of the potential interest rate hike and it seems this sell in May thing has been more active this year than in prior years. Also, I read some jibber-jabber in a posting somewhere that there was concern about payments from OCN coming due and OCN's ability to pay them. I then personally looked at OCN and it actually looks like it's situation is improving . So that may not really be a concern.
Me too teck. Haven't talked with you for a while. Hope you are well. Like you, I now have to take a long term view on any of the downstream MLP's. It appears that the current distribution is OK until 2017. I expect cost will come in line in 2016 and let them keep the distribution as is. $60/$3 seems to be the new norm. US frackers are taking a bigger and bigger chunk of US market and rest of the world is fighting it out for market share in Europe and China. Unfortunately, a lot of the oil bulls are now moving to the side lines. World is awash in oil and it's going to be one heck of a fall when oil demand softens. This is going to be a wild ride but, one that seems doable.
He often changes his identity. Only way you can know it is he is by his writing style and content.. Last time i saw his work was using mary something as his new pen name. It is a shame to loose such an excellent contributor and poster.
Has not their GAPP accounting earnings been sufficient to support the divvy. I believe they have been so what am I missing here?